Star Entertainment Group Limited (AU:SGR) has released an update.
Star Entertainment Group Limited reports a challenging FY24 with a revenue of $1,678 million, down 10% from the previous year, and a significant statutory net loss of $1,685 million after substantial impairment charges due to tough trading conditions and regulatory changes. Despite the downturn, the company has secured a new debt facility of up to $200 million and is implementing measures to improve performance and liquidity. They also announced the sale of the Treasury Brisbane Casino leasehold for $67.5 million, with settlement expected soon.
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